First Financial Co. Indiana (THFF) Upgraded by BidaskClub to “Sell”

BidaskClub upgraded shares of First Financial Co. Indiana (NASDAQ:THFF) from a strong sell rating to a sell rating in a research report sent to investors on Wednesday morning.

A number of other brokerages have also recently issued reports on THFF. Keefe, Bruyette & Woods restated a hold rating and issued a $50.00 price objective on shares of First Financial Co. Indiana in a research note on Friday, December 22nd. Zacks Investment Research cut shares of First Financial Co. Indiana from a buy rating to a hold rating in a research note on Wednesday, February 14th.

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Shares of THFF stock opened at $42.80 on Wednesday. First Financial Co. Indiana has a 52-week low of $39.55 and a 52-week high of $52.35. The firm has a market capitalization of $524.51, a PE ratio of 14.81 and a beta of 0.93.

First Financial Co. Indiana (NASDAQ:THFF) last announced its quarterly earnings data on Tuesday, February 6th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. First Financial Co. Indiana had a net margin of 19.40% and a return on equity of 8.24%. The company had revenue of $35.92 million during the quarter, compared to analysts’ expectations of $36.37 million. sell-side analysts forecast that First Financial Co. Indiana will post 3.38 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its stake in shares of First Financial Co. Indiana by 1,000.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,200 shares of the bank’s stock valued at $100,000 after buying an additional 2,000 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of First Financial Co. Indiana in the 4th quarter valued at $204,000. Jefferies Group LLC acquired a new position in shares of First Financial Co. Indiana in the 4th quarter valued at $218,000. MetLife Investment Advisors LLC acquired a new position in shares of First Financial Co. Indiana in the 4th quarter valued at $236,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of First Financial Co. Indiana in the 4th quarter valued at $307,000. Institutional investors own 56.43% of the company’s stock.

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About First Financial Co. Indiana

First Financial Corporation, through its subsidiaries, provides various financial services. The company offers commercial, mortgage, and consumer lending; lease financing; trust account; depositor; and insurance services. Its deposit products include interest-bearing and non-interest-bearing demand deposits, savings deposits, time deposits, and other time deposits; and loan products comprise commercial real estate loans, commercial loans, consumer loans, and residential real estate and construction loans.

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